8:05AM EST Dec 11. 2012 – WASHINGTON — British banking hulk HSBC pronounced Tuesday that it will compensate a record $1.92 billion to settle a extended general money-laundering review by U.S. sovereign and state authorities.
The settlement, set to be announced after Tuesday by investigators, would finish probes focused on justification that HSBC’s U.S. arm eliminated billions of dollars by the U.S. arm for Mexican drug cartels,
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http://www.ezonearticle.com/2012/12/11/hsbc-will-pay-1-9-billion-for-money-laundering/
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